First Central Credit Union

Texas

Est. Date:

1937

Previous Names:

Waco Telco Credit Union, Brazos Electric Co-op Credit Union, Waco-based Sears Credit Union

Locations:

Waco, Brownwood, Hillsboro

First Central Credit Union has been serving the Waco area since 1937, striving to provide the best financial services for its members.

History

First Central Credit Union has been serving the Waco area since 1937, striving to provide the best financial services for its members. In the beginning, First Central was formed by 14 Southwestern Bell Telephone employees in 1937 and was named Waco Telco Credit Union. In 1977, Texas Power and Light employees joined with Waco Telco. A few years later, in 1980, Brazos Electric Co-op Credit Union merged with the group as well. Membership has grown to include employees from many other local companies.

In July 2008, First Central merged with the Superior Community Credit Union, and in June 2011, First Central merged with the Waco-based Sears Credit Union, which added more overall benefits of financial products and services for their members.

What started out with only 14 members has -- more than 86 years later -- become a credit union with more than 20,000+ members and exceeds $151 million in assets.